Following is the text of the manufacturing industry in Texas by the Federal Reserve Bank of Dallas.
Manufacturing activity has increased in Texas in December, according to company executives who responded to the survey of Texas Manufacturing Outlook. The production index, a key measure for the production of conditions in the country, was positive for the fourth consecutive month.
Other indicators of the current activity remained positive, reflecting continued growth in the manufacturing industry. The index reading was the shipment of 8, and capacity utilization increased from 10 to 15, with 29 percent of the manufacturer of an increase. The new orders index fell in December, but remained in positive territory, with more than three-quarters of companies in view of the band is greater than or equal orders.
Measures the business environment remained positive in December. The index of overall economic activity was 13, almost a quarter of respondents indicating improved activity. The company outlook index then fell to 15, although manufacturers who have given their best prospects to its highest level since May.
Labour market indicators improved substantially this month. The employment rate increased by 6 November to 15 December and reached its highest level since early 2007. Twenty-four percent of firms reported hiring new employees, reported compared with 9 percent of the dismissal. Hours worked rose again this month, and wages and the return is increased 5 to 10
Prices rose again in December. Input costs remained on an upward trend, the index of commodity prices 35 to 44 Forty-six percent of the manufacturers have paid a price increase for raw materials saw decreased as compared with only 2 percent. The prices for finished goods rose for the second consecutive month, although the vast majority of people notice any change to continue. More than half of respondents expect further rises in commodity prices over the next six months, while 37 percent expect higher prices for finished goods.
Manufacturer next six months improved further. future rates of production and shipping continued to increase, more than half of respondents expect an increase in these measures in the coming months. The future of the new orders index rose to its highest level in four years to anticipate with any company or increase the volume of orders or remained stable. The activity index advanced future terms and conditions 26-37, and the business prospects rose to 38, with 94 percent of businesses expect conditions similar to or greater than six months.
The Dallas Fed Texas leads the monthly production prospects for a rapid assessment of manufacturing activity in the state. Data were collected from 14 to 11 December, and 96 manufacturers from Texas in the survey. Companies are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged from the previous month.
The responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents saw a fall of the percentage of banks increasing charges. If the proportion of companies that an increase greater than the percentage reporting a decline, the index is greater than zero, indicating that the indicator has increased from the previous month. If the proportion of companies that raise a decline in the proportion reporting a, the rate will be below zero, indicating that the indicator has fallen in the previous month. An index is zero if the number of companies, which is an increase equal to the number of firms reporting a decrease.
Manufacturing activity has increased in Texas in December, according to company executives who responded to the survey of Texas Manufacturing Outlook. The production index, a key measure for the production of conditions in the country, was positive for the fourth consecutive month.
Other indicators of the current activity remained positive, reflecting continued growth in the manufacturing industry. The index reading was the shipment of 8, and capacity utilization increased from 10 to 15, with 29 percent of the manufacturer of an increase. The new orders index fell in December, but remained in positive territory, with more than three-quarters of companies in view of the band is greater than or equal orders.
Measures the business environment remained positive in December. The index of overall economic activity was 13, almost a quarter of respondents indicating improved activity. The company outlook index then fell to 15, although manufacturers who have given their best prospects to its highest level since May.
Labour market indicators improved substantially this month. The employment rate increased by 6 November to 15 December and reached its highest level since early 2007. Twenty-four percent of firms reported hiring new employees, reported compared with 9 percent of the dismissal. Hours worked rose again this month, and wages and the return is increased 5 to 10
Prices rose again in December. Input costs remained on an upward trend, the index of commodity prices 35 to 44 Forty-six percent of the manufacturers have paid a price increase for raw materials saw decreased as compared with only 2 percent. The prices for finished goods rose for the second consecutive month, although the vast majority of people notice any change to continue. More than half of respondents expect further rises in commodity prices over the next six months, while 37 percent expect higher prices for finished goods.
Manufacturer next six months improved further. future rates of production and shipping continued to increase, more than half of respondents expect an increase in these measures in the coming months. The future of the new orders index rose to its highest level in four years to anticipate with any company or increase the volume of orders or remained stable. The activity index advanced future terms and conditions 26-37, and the business prospects rose to 38, with 94 percent of businesses expect conditions similar to or greater than six months.
The Dallas Fed Texas leads the monthly production prospects for a rapid assessment of manufacturing activity in the state. Data were collected from 14 to 11 December, and 96 manufacturers from Texas in the survey. Companies are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged from the previous month.
The responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents saw a fall of the percentage of banks increasing charges. If the proportion of companies that an increase greater than the percentage reporting a decline, the index is greater than zero, indicating that the indicator has increased from the previous month. If the proportion of companies that raise a decline in the proportion reporting a, the rate will be below zero, indicating that the indicator has fallen in the previous month. An index is zero if the number of companies, which is an increase equal to the number of firms reporting a decrease.
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